Misfortunes do not leave the collapsed cryptocurrency exchange FTX. After filing for bankruptcy protection, the stock market was hacked for hundreds of millions of dollars. John Ray, the new CEO of FTX, confirmed the hack of the crypto exchange. He also said that the company works with law enforcement. Ray noted that FTX and FTX US ‘make every effort to secure all assets wherever they may be.
FTX’s new CEO John Ray confirms stock market hack
cryptocoin.comAfter the collapse of FTX, the stock market was hit by a hack. John Ray, the new CEO of crypto exchange FTX, filed for bankruptcy protection on Friday. After that, FTX and its US subsidiary FTX-US were hacked last night. The hacker dumped hundreds of millions of dollars in crypto from exchanges’ wallets. Its new CEO, John Ray, confirmed this attack on Twitter on Saturday. He released a statement on Twitter through Ryne Miller, FTX’s general counsel. Ray said that “FTX US and FTX.com continue to make every effort to secure all assets ‘wherever they are’.
After the hack started around 10 pm on Friday night, wallets that appeared to belong to FTX started moving assets. Rayne Miller said the exchange was “taking precautionary steps to mitigate the damage by monitoring unauthorized transactions.” John Ray confirmed Miller’s statement. He added that FTX is “in the process of removing the trading and withdrawal functionality and moving as many identifiable digital assets to a new cold wallet storage platform.” According to Ray, the company’s executives are “in contact and coordination with law enforcement and relevant regulators” following the attack.
Attacker sells what he stole after FTX hack!
Yesterday morning, the FTX Community Chat administrator announced that the crashed FTX was hacked. Accordingly, he noted that the exchange’s apps were infected with malware. Therefore, it warned users to delete the app.
cryptocoin.com As we reported, on-chain data, the hacker transferred the funds from FTX. After that, the attacker started selling stolen tokens via DEXs. The data shows that the address starting with 0x59ab sells UNI, stETH, 1INCH, WBTC, SUSHI, YFI and LDO. Also, PAXG has yet to sell other tokens, including LINK, MATIC, AAVE, SNX, SHIB, and APE. Also, $166 million of funds were transferred to the address starting with 0xd801, including FTT, SRM, MATIC, CHZ, DYDX, BAND, MANA, ENS, CEL, HT, GRT, GALA, CRV and other tokens.
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